8 The Esplanade #1605, Toronto

Name: 8 The Esplanade N/a, Unit 1605
SKU: C14031278
Price: 659000 CAD
Availability: InStock

1 Bed, 1 Bath Condo in Toronto

Unit 1605 at 8 The Esplanade

Location. Space. Light. Views. This exceptional 1+den corner unit at The L Tower delivers all four - with 840 sq. ft. of thoughtfully designed living space, an impressive size for a downtown Toronto condo. Floor-to-ceiling windows throughout fill the living space with an abundance of natural light while capturing panoramic city views from multiple exposures. The spacious bedroom features a private ensuite, while the generously sized den is ideal for a dedicated home office - perfect for today's working professional. The functional layout features a gourmet corner kitchen with plenty of counter space and ample storage, seamlessly connecting to the living area to create a practical and inviting space for both everyday living and entertaining. Enjoy quality finishes throughout, including rich engineered hardwood flooring, upgraded countertops and premium Miele stainless steel appliances. Set in one of downtown Toronto's most sought-after locations, you're steps from the waterfront, Union Station, the PATH, St. Lawrence Market, restaurants, cafés, entertainment and transit. A rare opportunity to enjoy the space of a larger home with the convenience and energy of downtown living. Residents of The L Tower enjoy exceptional amenities, including 24-hour concierge service, an indoor pool, state-of-the-art fitness facilities, sauna. One storage locker is also included. A true standout: exceptional size, corner exposure, spectacular views and an unbeatable location.

1 bedroom, 1 bathroom, about 800 sq ft, works out to roughly $824 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 8 The Esplanade #1605

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 800-899 sq ftas stated on the listing
Basement: None

Features & systems

Parking & garage

Parking spaces: 0

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

8 The Esplanade #1605 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 13, 2026For saleListedThis listingMLS® C14031278$659,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 8 The Esplanade #1605 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Good Deal· based on 15,844 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $849,000
Average sold price: $1,083,480
Average days on market: 31
Homes sold: 9,533

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$849,000Last 90 days
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4976.6%On average, homes sold at or above asking.
Active listings12,632Homes for sale here right now.
Median vs prior 90 days+2.9%Compared with Apr 17 – Jul 16, 2026: prices up.

Based on 9,533 sales from Jul 16 – Oct 14, 2026 (6,655 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 1605 — 8 The Esplanade N/a 1 bd · 1 ba · 800 sqft	$659,000asking	$824	—	—
270 Wellington Street 1 bd · 1 ba · 600 sqft
195 Redpath Avenue 1 bd · 2 ba · 500 sqft
20 Minowan Miikan Lane 2 bd · 1 ba · 700 sqft
1815 Yonge Street 2 bd · 1 ba · 700 sqft
1101 Leslie Street 2 bd · 2 ba · 1,000 sqft
155 Merchants' Wharf N/A 2 bd · 2 ba · 800 sqft

270 Wellington Street
1 bd · 1 ba · 600 sqft
195 Redpath Avenue
1 bd · 2 ba · 500 sqft
20 Minowan Miikan Lane
2 bd · 1 ba · 700 sqft
1815 Yonge Street
2 bd · 1 ba · 700 sqft
1101 Leslie Street
2 bd · 2 ba · 1,000 sqft
155 Merchants' Wharf N/A
2 bd · 2 ba · 800 sqft

More in this building

5 for sale · 3 for rent at 8 The Esplanade — plus its sale and lease history.

See all of 8 The Esplanade

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

King StationLine 1320 m4 min walk
Union StationLine 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express380 m5 min walk
St. Andrew StationLine 1710 m9 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

King Station (Line 1)4 min walk
Union Station (Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express)5 min walk
St. Andrew Station (Line 1)9 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

King Station
320 m4 minClosest· Line 1
Homes near King Station
Union Station
380 m5 min· Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express
Homes near Union Station
St. Andrew Station
710 m9 min· Line 1
Homes near St. Andrew Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 8 The Esplanade #1605. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 8 The Esplanade #1605

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,237; 20% down · 25 years · 5.5% assumed
Property tax: $362; 0.66% mill rate · ON
Total per month: $3,599; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,237

/mo

based on the purchase price of $659,000

Down payment20%

$131,800 cash

Amortization25 yr

$527,200 financed

Rate5.50%

$444,041 total interest

Principal54%$527,200

Interest46%$444,041

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

Book a tour of 8 The Esplanade #1605 with a licensed buyer's agent

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Questions About 8 The Esplanade #1605

How much is 8 The Esplanade #1605 listed for?

8 The Esplanade #1605 is listed at $659,000 (MLS® C14031278). Summitly updates the price as soon as the MLS® record changes.

Is $659,000 a good price for 8 The Esplanade #1605?

Summitly rates it Good Deal: the asking price is 3% to 10% below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 8 The Esplanade #1605 changed?

No — 8 The Esplanade #1605 is still listed at its original asking price of $659,000.

How many bedrooms and bathrooms does 8 The Esplanade #1605 have?

8 The Esplanade #1605 has 1 bedroom and 1 bathroom, with about 800–899 square feet of living space. It is a condo in Toronto.

Is 8 The Esplanade #1605 close to transit?

The nearest rapid-transit station is King Station (Line 1), about 320 m (about a 4-minute walk) in a straight line. Union Station is about 380 m (about a 5-minute walk), and St. Andrew Station is about 710 m (about a 9-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 8 The Esplanade #1605?

About $3,237 a month — principal and interest on $659,000 with 20% down ($131,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 8 The Esplanade #1605 compare with other homes in Toronto?

Its asking price of $659,000 is about 22% below the median sold price in Toronto over the last 90 days, $849,000, across 9,533 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 8 The Esplanade #1605 been sold before?

Summitly has no earlier MLS® sale or lease of 8 The Esplanade #1605 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 8 The Esplanade #1605?

8 The Esplanade #1605 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 8 The Esplanade #1605 been on the market?

1 day — 8 The Esplanade #1605 was listed on October 13, 2026.

What is the price per square foot of 8 The Esplanade #1605?

About $733 to $824 per square foot: the asking price of $659,000 over the 800–899 sq ft the listing gives as its size range.

Does 8 The Esplanade #1605 have a basement, and is it finished?

The listing says 8 The Esplanade #1605 has no basement.

What you should know